Meridian (MRBK) Stock Price, News & Analysis

Company Overview

Meridian Corporation operates as the holding company for Meridian Bank that provides commercial banking products and services in Pennsylvania, New Jersey, Delaware, Florida, and Maryland. The company offers various deposit products, such as demand non-interest bearing, demand interest bearing, savings accounts, money market accounts, and time deposits. It also provides commercial and industrial loans comprising business lines of credit, term loans, small business lending, lease financing, shared national credits, and other financing; commercial real estate, and land development and construction loans for residential and commercial projects; and consumer and home equity lending, private banking, merchant, and title and land settlement services. In addition, the company operates and originates mortgage loans for 1-4 family dwellings; and offers real estate holding, investment advisory, and equipment leasing services, as well as financial planning and wealth management services. Meridian Corporation was incorporated in 2004 and is headquartered in Malvern, Pennsylvania.

Key Stats

• Today's Range: $14.22 to $14.33
• 50-Day Range: $11.00 to $14.30
• 52-Week Range: $8.26 to $14.45
• Volume: 21,981 shs
• Average Volume: 16,609 shs
• Market Capitalization: $160.73 million
• P/E Ratio: 14.16
• Dividend Yield: 3.50%
• Price Target: $16.00
• Consensus Rating: Moderate Buy

Meridian Stock Analysis - MarketRank™

Meridian scored higher than 90% of companies evaluated by MarketBeat, and ranked 205th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Meridian has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Meridian has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 41.86%

Earnings Growth

Earnings for Meridian are expected to grow by 41.86% in the coming year, from $1.29 to $1.83 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Meridian is 14.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of Meridian is 14.16, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 47.12.

Price to Book Value per Share Ratio

Meridian has a P/B Ratio of 0.96. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.08% of the outstanding shares of Meridian have been sold short.

Short Interest Ratio / Days to Cover

Meridian has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Meridian has recently decreased by 20.00%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Meridian is a leading dividend payer. It pays a dividend yield of 3.52%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Meridian does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Meridian is 49.51%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Meridian will have a dividend payout ratio of 27.32% next year. This indicates that Meridian will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.08% of the outstanding shares of Meridian have been sold short.

Short Interest Ratio / Days to Cover

Meridian has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Meridian has recently decreased by 20.00%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: N/A

News Sentiment

Meridian has a news sentiment score of 1.44. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Meridian this week, compared to 1 article on an average week.

Search Interest

2 people have searched for MRBK on MarketBeat in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Meridian insiders have not sold or bought any company stock.

Percentage Held by Insiders

14.03% of the stock of Meridian is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

58.56% of the stock of Meridian is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MRBK Stock Analysis - Frequently Asked Questions

How have MRBK shares performed this year?

Meridian's stock was trading at $13.90 on January 1st, 2024. Since then, MRBK shares have increased by 2.9% and is now trading at $14.30.
View the best growth stocks for 2024 here.

How were Meridian's earnings last quarter?

Meridian Co. (NASDAQ:MRBK) released its quarterly earnings data on Thursday, October, 24th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.07. The company had revenue of $51.15 million for the quarter, compared to the consensus estimate of $26.57 million. Meridian had a trailing twelve-month return on equity of 6.99% and a net margin of 6.00%.

When did Meridian's stock split?

Meridian shares split before market open on Monday, March 13th 2023. The 2-1 split was announced on Monday, March 13th 2023. The newly created shares were payable to shareholders after the market closes on Monday, March 13th 2023. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Who are Meridian's major shareholders?

Meridian's top institutional investors include Fourthstone LLC (9.94%), Banc Funds Co. LLC (7.38%), Geode Capital Management LLC (0.83%) and Barclays PLC (0.36%). Insiders that own company stock include Anthony Mark Imbesi, Christopher J Annas, Denise Lindsay, Robert T Holland and Edward J Hollin.
View institutional ownership trends.

How do I buy shares of Meridian?

Shares of MRBK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Meridian own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Meridian investors own include Bristol-Myers Squibb (BMY), McKesson (MCK), Charles Schwab (SCHW), Chevron (CVX), Comcast (CMCSA), Toronto-Dominion Bank (TD) and Yum! Brands (YUM).

Company Calendar

• Last Earnings: 10/24/2024
• Ex-Dividend for 11/19 Dividend: 11/12/2024
• Dividend Payable: 11/19/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/24/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: National commercial banks
• Sub-Industry: Banking
• Current Symbol: NASDAQ:MRBK
• CUSIP: N/A
• CIK: 1750735
• Web: www.meridianbanker.com
• Phone: (484) 568-5000
• Fax: N/A
• Employees: 410
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $16.00
• High Stock Price Target: $17.00
• Low Stock Price Target: $15.00
• Potential Upside/Downside: +11.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.01
• Trailing P/E Ratio: 14.16
• Forward P/E Ratio: 11.09
• P/E Growth: N/A
• Net Income: $13.24 million
• Net Margins: 6.00%
• Pretax Margin: 7.91%
• Return on Equity: 6.99%
• Return on Assets: 0.49%

Debt

• Debt-to-Equity Ratio: 0.30
• Current Ratio: 0.97
• Quick Ratio: 0.95

Sales & Book Value

• Annual Sales: $168.55 million
• Price / Sales: 0.95
• Cash Flow: $1.64 per share
• Price / Cash Flow: 8.72
• Book Value: $14.90 per share
• Price / Book: 0.96

Miscellaneous

• Outstanding Shares: 11,240,000
• Free Float: 9,663,000
• Market Cap: $160.73 million
• Optionable: Not Optionable
• Beta: 0.74